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[SITUATION] · [ACTIVE] · [BUSINESS]
2 clusters · 2 sources · 29 days · First seen · Last updated
FINTRAC enforcement of Canadian money services businesses
Overview
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has intensified its regulatory oversight and enforcement actions within the money services sector.
During the 2025-26 period, the agency revoked the registrations of 82 money services businesses, a significant increase compared to the 12 revocations recorded in the previous year. FINTRAC reported that these actions were part of a strategic effort to mitigate risks related to terrorist financing and money laundering, specifically targeting non-compliance and illicit cryptocurrency activities.
Entities
Royal Bank of Canada · FINTRAC · Bank of Montreal · Canada · Financial Transactions and Reports Analysis Centre of Canada
Timeline
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[BUSINESS] 2 sourcesFINTRAC increases enforcement against Canadian money services businesses
Canada's financial intelligence agency, FINTRAC, revoked 82 money services business registrations in 2025-26, up from 12 the previous year, to combat money laundering and terrorist financing risks.
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[BUSINESS] 2 sourcesCanadian FINTRAC-registered Money Services Business for sale
A dormant Canadian Money Services Business registered with FINTRAC is for sale, offering permissions for crypto trading, remittance, and foreign exchange without existing clients or debt.
Sources
brandonsun.com · salvusfunds.com